XML 24 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net earnings (loss) $ 548 $ 710
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 83 0
Depreciation, amortization and accretion 170 168
Pension and postretirement net periodic benefit cost (30) (46)
Pension and postretirement contributions (24) (24)
Deferred income taxes, net (17) 55
(Gain) loss on disposition of businesses and assets, net 1 3
Stock-based compensation 27 39
Undistributed earnings in unconsolidated affiliates 22 3
Other, net 13 10
Operating cash provided by (used in) discontinued operations 0 (1)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net 52 (175)
Inventories 39 (17)
Other assets (21) (39)
Trade payables - third party and affiliates (51) 36
Other liabilities (81) 6
Net cash provided by (used in) operating activities 731 728
Investing Activities    
Capital expenditures on property, plant and equipment (144) (165)
Acquisitions, net of cash acquired (91) (144)
Proceeds from sale of businesses and assets, net 0 9
Other, net (8) (31)
Net cash provided by (used in) investing activities (243) (331)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 105 40
Proceeds from short-term borrowings 0 36
Repayments of short-term borrowings (12) (39)
Proceeds from long-term debt (499) 0
Repayments of long-term debt (348) (43)
Purchases of treasury stock, including related fees (488) (100)
Proceeds from Stock Options Exercised 0 0
Common stock dividends (148) (136)
(Distributions to) contributions from noncontrolling interests (7) (8)
Other, net (38) (6)
Net cash provided by (used in) financing activities (437) (256)
Exchange rate effects on cash and cash equivalents 1 (9)
Net increase (decrease) in cash and cash equivalents 52 132
Cash and cash equivalents as of beginning of period 439 576
Cash and cash equivalents as of end of period $ 491 $ 708